941 Payroll Taxes Due when ERC was turned off

Glad to have you here, Morgan.

In order to review if you made your tax deposits timely, you can trace your payments manually by checking the Taxes menu. You can go to the View tax payments you have made or Tax payment history to review them.

You can also call the agency to verify the email and compare it with the data in QuickBooks. I'm adding a few related links to help you further with this topic:

• Access payroll tax forms and tax payments
• Pay and file payroll taxes and forms in Online Payroll

Please come back here anytime if there's anything else you need help with. I'll be more than happy to help you. Have a good one!

Hi Jen, 

The tax amounts are correct and are owed to the agencies. The concern is that they weren't deposited automatically in an error from Quickbooks based on how you set-up the ERC for your clients. When the ERC was turned off recently all the 941 taxes became due manually. This shouldn't have been the case, these taxes should have been deposited automatically and not withheld from deposit.

Now clients may be subject to late deposit penalties based on the ERC being set-up incorrectly.

Hope this helps clarify. 

Thanks, 

Morgan  

Let me share some information about the expiration of the COVID-19 Employee Retention Credit may impact your payroll, usermorgan1.

The Employee Retention Credit (ERC) retroactively expired September 30, 2021, with the passing of the Infrastructure Investment and Jobs Act in November 2021. The ERC can’t be used on paychecks dated on or after October 1, 2021, and also the credits can’t be taken on any tax payments on or after October 1. We’ll recalculate any credits taken during the week of December 20, 2021. This creates an amount due and paying the amount due depends on your payroll product:

• If you use QuickBooks Online Payroll Core, Premium, or Elite with Automate taxes and forms on, or Intuit Online Payroll Full Service, we’ll pay this for you by the due dates above. 
• If you use QuickBooks Online Payroll Core, Premium, or Elite with Automate taxes and forms off, or Intuit Online Payroll Enhanced

Here's how to make payments with the ERC amount due: 

1. Go to Taxes, then select Payroll Tax. 
2. Tap Payments. 
3. Look for the ERC amount due. 
4. Once you have the amount due, sign in to EFTPS.gov to make your payment. 
5. Go to Taxes, then hitPayroll Tax. 
6. Choose Payments. 
7. From the ERC amount due, click Mark as paid. 
8. Select one of the following: Yes, mark paid if you don’t want to record it in your QuickBooks ledger or No, record manually if you want to record it in your QuickBooks ledger.

Here's an article you can refer to for more details about understanding the recent expiration of the Employee Retention Credit. If you need further assistance, please contact our Payroll Support Team. You may send a message via chat, call us at a time convenient to you, or we’ll get in touch with you instead. To ensure we address your concern, our representatives are available from 6:00 AM to 6:00 PM on weekdays and 6:00 AM - 3:00 PM on Saturdays, PST. See our support hours and types for more details about this one.

Feel free to browse this link here if you need help with other tasks in QuickBooks Online Payroll. It'll route you to our general payroll topics with articles. 

Drop a comment below if you have follow-up questions or concerns about payroll forms. I'm more than happy to assist you. Take care and have a wonderful day ahead.

Hello, 

Will QuickBooks help me with the penalties for the late federal tax filings since I'm on QuickBooks Core Payroll and I had automated tax filing and payments turned on? I'm a Recovery Start-up Business and still qualify for the ERC and will be claiming it in Q4. 

Thanks, 

Morgan Atkinson

Hello, Please escalate ASAP. The more research I do, the more I realize that Quickbooks has completely botched my taxes and filings by turning the ERC off for Recovery Startups. I need help ASAP from someone that understands this stuff. Links to community articles and IRS publications won't help at all. I understand how the ERC works and don't need to read up on it more. It's clear that QB has completely messed up.